# Contango

*Derivatives & Options — Finicade finance glossary*

When futures prices sit above today's spot price, so the curve slopes up — typical when it costs money to store an asset until delivery. The opposite, futures below spot, is backwardation.

**Related terms:** [Backwardation](https://finicade.com/glossary/backwardation), [Futures Contract](https://finicade.com/glossary/futures-contract), [Cost of Carry](https://finicade.com/glossary/cost-of-carry), [Commodities](https://finicade.com/glossary/commodities)

**Taught in:** Hull Street — Pricing Forwards & Futures

Source: https://finicade.com/glossary/contango